Itron Inc. senior vice president Donald L. Reeves III sold 283 common shares for $28,297 on August 25, 2026, at $99.99 per share under a pre-arranged trading plan adopted in September 2025. The transaction leaves Reeves with 27,662 shares held directly in the company.
The disposal occurred as Itron's stock traded at $98.74, giving the company a market capitalization of approximately $4.32 billion. The sale follows a second-quarter earnings report that showed adjusted earnings per share of $1.59, exceeding analyst expectations of $1.29, while revenue of $563 million fell slightly short of the $566.34 million consensus. Gross margins reached a record 41.4%, up 460 basis points year-over-year.
Needham raised its price target on Itron to $128 from $116 while maintaining a buy rating, citing strong margin performance and recurring revenue growth. Analyst price targets for the stock now range between $115 and $150, with InvestingPro describing the shares as slightly overvalued based on fair-value analysis.
